India

Nepal's Mega Bank to form alliances with other Asian banks

Nepal's Mega Bank to form alliances with other Asian banks

Mega Bank has announced a plan to enter into strategic alliance with leading banks in South Asia and other Asian countries within next five years.

India's central bank releases branch locator

The Reserve Bank of India released a database that will give information about branches and offices of commercial banks.

Banks come to the rescue of struggling Indian exporters

The Indian government is turning to its banking sector to prop-up its sagging economy.

India keen on Islamic Finance System: WIEF Sec Gen

The Indian government will come out with a policy decision  as regards the establishment of Islamic banks and finance institutions, according to WIEF Secretary-General Tan Sri Ahmad Fuzi Abdul Razak

Tamilnad Mercantile Bank promotes Murthy to Managing Director-CEO

Nagendra Murthy, erstwhile General Manager of the Credit Department of Tamilnad Mercantile Bank, has been named Managing Director.

HDFC Bank aims 1 million new credit cards in 2012-13

HDFC Bank launched its credit cards for doctors' specific needs, as part of its plans to launch total one million credit cards in current fiscal.

SBI eyes new clients by waiving minimum balance for savings accounts

The State Bank of India has done away with minimum balance criteria for saving banks account in order toattract new customers.

Indian Overseas Bank waiting to raise $500M through MTN

Indian Overseas Bank is waiting for the European crisis to stabilise to raise US$ 500 million through medium-term notes for funding its overseas operations.

Dena Bank raises $153.9M from bonds

Dena Bank has raised Rs 850 crore or US$153.9 million from bonds to fund business growth.

IDBI to facilitate web-based auction

IDBI Bank to enable one of its gilt account holders to participate in primary auctions through a newly launched web-based Negotiated Dealing System auction.

Jamil appointed new DMD for United Commercial Bank

Mohammad Shawkat Jamil has been promoted as the deputy managing director of United Commercial Bank.

Some Indian banks misguiding investors on bad loans: Deputy Governor

Reserve Bank deputy governor K C Chakrabarty criticized banks for misguiding investors for the past five years by not giving your proper figures on non-performing assets.

HSBC to offload stakes in India's Axis Bank, Yes Bank

HSBC is on course to offload its entire 4.8% stake in Indian private banking major Axis Bank and its 4.8% stake in Yes Bank.

India fails to arrest rupee’s slide

India puts forward an underwhelming response to save the embattled rupee.

Bangladeshis deprived of bank loans due to govt borrowing: politician

Bangladeshi banks could no longer lend to clients due to excessive borrowings by the government.

Indian government assails downgrade of banks

India vents its anger on the stunning downgrade of some of its larger banks by Fitch Ratings, Ltd.

StanChart now approves Indian credit card applications online

Standard Chartered Bank now provides Indian clients the chance to apply for a card online and receive an 'Approval In Principle'  almost instantly.